Nike Stock Has 22% Upside, According to 1 Wall Street Analyst
Nike (NYSE: NKE) stock pulled back on its recent earnings report after it reported weak revenue growth and offered disappointing guidance. The update also showed that Nike was losing market share to up-and-coming competitors like On Holding and Deckers' Hokas.
However, Nike just got some good news via an endorsement from Bank of America, which upgraded the footwear stock on Thursday to a buy with a price target of $113.
Image source: Getty Images.
Source Fool.com
Nike Inc. B Stock
€86.16
-0.360%
With 47 Buy predictions and 3 Sell predictions Nike Inc. B is one of the favorites of our community.
As a result the target price of 115 € shows a positive potential of 33.47% compared to the current price of 86.16 € for Nike Inc. B.
